Some Republicans have called for merging CFPB’s enforcement authority into FTC’s, citing overlap

WASHINGTON—The Consumer Financial Protection Bureau will team up with the Federal Trade Commission to police debt collectors as it shifts to a gentler form of enforcement under the Trump administration.

CFPB Acting Director Mick Mulvaney announced the change Tuesday. Mr. Mulvaney, the White House budget director and a longtime critic of the CFPB, is revamping enforcement policy at the bureau. The CFPB’s aggressive stance under its previous Obama-appointed leadership had often caused friction with financial companies.